US - Reports that TPG, formerly Texas Pacific Group, had been discussing selling shares to major pension funds were dismissed as speculation by the private equity firm.
The UK press office for TPG said it was unaware of any discussions until reports today relayed the information from sources apparently close to the firm.
A US spokesman told Global Pensions the firm had nothing to say on the matter: “If there is anything to say in the future they might, but right now this is all just speculation and there is no comment.”
If the rumours were true, TPG would follow an increasing number of buyout firms floating on the stock market. Fortress Investment Group LLC, a hedge fund and private equity manager with offices in the US, UK and Germany IPO previously raised almost $635 million.
The Californa Public Employees' Retirement System (CalPERS)and the Illinois Teachers' Retirement System (TRS) have invested significant amounts with TPG over the last few years.
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers